欧盟债务危机内在机理及其对中国的启示——基于主权货币理论视角的分析  

Internal Mechanism of Debt Crisis of European Union and its Enlightenment to China——Based on an Analysis in Terms of Sovereign Currency Theory

作　　者：刘新华[1] 

机构地区：[1]陕西师范大学国际商学院,陕西西安710062

出　　处：《陕西师范大学学报（哲学社会科学版）》2010年第6期140-147,共8页Journal of Shaanxi Normal University(Philosophy and Social Sciences Edition)

基　　金：教育部人文社科青年项目(09YJC790176);陕西省社科基金项目(09D002);国家社会科学基金项目(07BJY169);陕西师范大学"211工程"三期重点项目(200903)

摘　　要：2010年全球经济似有走出危机的迹象,而欧盟区国家发生的主权债务危机使情势转趋迷离。拥有独立财政和货币政策的主权国家有足够的政策空间发展本国经济。欧盟各成员国统一的货币政策和各自独立的财政政策是其债务危机发生的根源。我国实行资本管制基础上的浮动汇率制度将是改革的方向,超主权货币既不需要也不可行。我国大规模的政府赤字和银行信贷扩张并不会出现诸如欧盟成员国的主权债务危机,但投资和信贷,尤其是地方政府的非主权债务需要严格监管。通过政府和市场的协调配合促进就业及地区均衡发展才是经济可持续发展的必由之路。In 2010 global economy shows some indications of getting out of the crisis, but the rise of sovereign debt crisis in PIIGS states has made the situation looking blue. Sovereign states have independent financial and monetary policies and enough policy room to develop their national economy. Therefore, the cause for this crisis lies in the fact that those members states of European Union carry out their respective independent financial policies though they conform to a common monetary policy. Our state carries out a system of floating exchange rates on the basis of capital control, so a super-currency is neither necessary nor impractical to us. Under such circumstances, largescale governmental red letters and expansion of bank loans in our country are not likely to lead to a sovereign debt crisis like that in European Union countries. However, a strict supervision is absolutely necessary for investment and loaning, especially non-sovereign debts of local governments. Sustainable development of national economy is possible only by enhancing employment and balanced development through coordinate cooperation between government and market.

关 键 词：主权货币理论 主权债务危机 超主权货币 信贷膨胀 

分 类 号：F821.5[经济管理—财政学] F822.1